"The most central dominant template of the Shemitah that is in the book again, again and again is not a date crash (which has happened twice) but is specifically this – a rising stock market, a bull market, which when it comes to the Shemitah, turns around and begins to descend and descend and descend," said Cahn. "This is not for a day but over months; it is a bigger, longer phenomenon. That is the central template that happened again and again and again.

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"Did this happen in the Shemitah of 2015?" he asked rhetorically. “The answer is yes, it absolutely has happened. The stock market, which had been rising, a bull market, reaches the Shemitah, hits its peak May 19 and begins a long-term collapse."

Cahn noted the weeks leading up to September were filled with volatility, including some of the largest single-day declines in stock market history last August. Perhaps more importantly, Cahn argued, August witnessed huge declines in the stock markets of Brazil, India and especially China, where the stock market fell almost 40 percent. The total losses worldwide are many trillions of dollars, Cahn noted.

Cahn, subject of the hit new documentary film "The Harbinger Man," also pointed out the Shemitah of 2015 marks the end of the "American Age" in global geopolitics.

Observing that the United States was the world's leading economic power since 1871, Cahn noted China is now the world's largest economy.

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"That is a gigantic shift in itself," Cahn said.

Cahn maintained that the economic fluctuations that marked the 2015 Shemitah were not the fulfillment of the "great shaking" he believes is coming to the United States. However, he urged believers to be on guard.

"God calls us to be vigilant and to be watchmen in the end times, and to warn and to give warning," said Cahn. "If we do not give warning, we are held accountable. We are living in the end times. These are days of apostasy, these are dangerous, the Bible says perilous times. So we need to warn; it is better to warn and it is better to be safe than sorry."

Cahn also cautioned that the immediate aftermath of the Shemitah is often a time of great peril.

"This is a situation akin to signs warning of a bridge being out being placed ahead of a location, not at the location of the bridge itself," Biltz told WND. "The signs in the heavens are giving warning of impending judgment not immediate judgment. God always warns before he brings judgment. And He gives us time."

Both Cahn and Biltz repeatedly stated "you cannot put God in a box."

Cahn said: "We cannot be dogmatic about timing, we cannot say something has to happen at a certain time. We cannot put God in a box because when we put God in a box, He gets out.

"After passing through a period of such wide-spread expectation as we just experienced, it is imperative that watchful Christians recommit themselves to the message of Jesus," said Richardson. "While much of the church will use the various failed expectations as an excuse to no longer live with the kind of urgency that being a follower of Jesus requires, we cannot check out. We must remain watchful of the signs of the times. Jesus rebuked the scribes and the Pharisees for not knowing the signs of the times. How much more then should we who are His followers pay attention to, and know the signs of the times."

Richardson acknowledged such a task is difficult.

"Being watchful requires having a marathon mentality," he said. "We do not give up. We wait expectantly, but soberly."

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Richardson also defended Cahn from accusations he had predicted doomsday.

"While some have sought to cast Jonathan Cahn in a negative light because the world did not end after this past September, the fact is that Jonathan never predicted that the world would end," Richardson observed. "He was careful not to make predictions. Others may have run with his message and made claims, but he never did. Jonathan has continued to call the body of Messiah to repentance. This is something we should all be able to agree on.

"Now is the hour for turning back to the Lord. And now is the hour to remain urgent and yearn for His return, working diligently to snatch as many out of the fire as we can."

Cahn told Bakker, "Nothing has to happen at a set time, or a set day, or even by the parameters of Shemitah."

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But he informed Bakker's audience they were living at a time of a "dangerous convergence," and "it is wisdom to be prepared."

"We are racing to judgment," warned Cahn. "The harbingers have not stopped. The harbingers have continued."

Cahn told believers to always have essentials on hand and be prepared for hard times in the same way they purchase health insurance to be prepared for sickness. However, the most important form of preparation, Cahn advised, is spiritual.

"The most important preparation is to be right with God," he said. "For those of you who seek and are anxious for God's coming, who seek the signs of the times, you are well prepared and well done. Stay prepared and stay vigilant, because God is God and He is not mocked, and these are the Last Days. He is exact, He is precise, and He does things according to His timing."